WORKHORSE GROUP INC.: 10-Q filed 2017-11-07

Name: WORKHORSE GROUP INC.: 10-Q filed 2017-11-07
Creator: WORKHORSE GROUP INC.

What WORKHORSE GROUP INC. reported in its quarterly report filed 2017-11-07 (fiscal Q3 2017): 30 published measures, 75 facts as tagged in accession 0001213900-17-011480.

This filing

Form: 10-Q (quarterly report)
Filed: 2017-11-07
Fiscal period: fiscal Q3 2017
Accession: 0001213900-17-011480 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All WORKHORSE GROUP INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2017-09-30	25,392,105	USD
At 2016-12-31	10,239,793	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2017-09-30	13,028,393	USD
At 2016-12-31	3,816,974	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2017-09-30	9,839,977	USD
At 2016-12-31	469,570	USD
At 2016-09-30	3,049,253	USD
At 2015-12-31	7,677,163	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	-12,667,588	USD	92
2017-01-01 to 2017-09-30	-29,787,894	USD	273
2016-07-01 to 2016-09-30	-5,262,859	USD	92
2016-01-01 to 2016-09-30	-12,578,701	USD	274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2017-01-01 to 2017-09-30	85,576	USD	273
2016-01-01 to 2016-09-30	148,095	USD	274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2017-09-30	-92,861,107	USD
At 2016-12-31	-63,073,213	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2017-09-30	5,673,044	USD
At 2016-12-31	6,002,631	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2017-01-01 to 2017-09-30	1,076,120	USD	273
2016-01-01 to 2016-09-30	853,609	USD	274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2017-09-30	19,491,720	USD
At 2016-12-31	3,916,668	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	26,891	USD	92
2017-01-01 to 2017-09-30	84,394	USD	273
2016-07-01 to 2016-09-30	2,765	USD	92
2016-01-01 to 2016-09-30	43,035	USD	274

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2017-09-30	10,326,594	USD
At 2016-12-31	4,334,390	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2017-09-30	10,111,256	USD
At 2016-12-31	3,923,758	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2017-09-30	225,000	USD
At 2016-12-31	628,700	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	8,367,615	USD	92
2017-01-01 to 2017-09-30	22,170,442	USD	273
2016-07-01 to 2016-09-30	2,992,730	USD	92
2016-01-01 to 2016-09-30	8,979,850	USD	274

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2017-09-30	7,468,333	USD
At 2016-12-31	2,464,835	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	-4,273,082	USD	92
2017-01-01 to 2017-09-30	-7,533,058	USD	273
2016-07-01 to 2016-09-30	-2,267,364	USD	92
2016-01-01 to 2016-09-30	-3,555,816	USD	274

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	7,558,082	USD	92
2017-01-01 to 2017-09-30	12,866,095	USD	273
2016-07-01 to 2016-09-30	4,173,364	USD	92
2016-01-01 to 2016-09-30	6,932,416	USD	274

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	3,283,196	USD	92
2017-01-01 to 2017-09-30	8,031,368	USD	273
2016-07-01 to 2016-09-30	1,968,260	USD	92
2016-01-01 to 2016-09-30	4,755,642	USD	274

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	5,084,419	USD	92
2017-01-01 to 2017-09-30	14,139,074	USD	273
2016-07-01 to 2016-09-30	1,024,470	USD	92
2016-01-01 to 2016-09-30	4,224,208	USD	274

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2017-09-30	41,126,934	shares
At 2016-12-31	27,578,864	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2017-09-30	105,848,374	USD
At 2016-12-31	66,862,608	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2017-09-30	2,098,602	USD
At 2016-12-31	2,167,950	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2017-09-30	7,633,805	USD
At 2016-12-31	7,548,229	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2017-09-30	1,960,761	USD
At 2016-12-31	1,545,598	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2017-09-30	1,901,350	USD
At 2016-12-31	255,163	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2017-09-30	27,700,000	USD

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2017-01-01 to 2017-09-30	415,163	USD	273
2016-01-01 to 2016-09-30	286,316	USD	274

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2017-01-01 to 2017-09-30	-403,700	USD	273
2016-01-01 to 2016-09-30	536,600	USD	274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2017-01-01 to 2017-09-30	5,003,498	USD	273
2016-01-01 to 2016-09-30	3,568,972	USD	274

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2017-01-01 to 2017-09-30	6,187,498	USD	273
2016-01-01 to 2016-09-30	1,737,918	USD	274

Inspect the source

Entity: WORKHORSE GROUP INC. / CIK 0001425287
Captured: 2026-09-20T08:03:47.736Z
SEC response SHA-256: 50dc0df726bf12c53171f6a79ac934e876a5abeb959bbc24436e006907d41e91

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001425287.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))